Member Sign In

You are being directed to ZacksTrade, a division of Zacks & Company and licensed broker-dealer. ZacksTrade and Zacks.com are separate but affiliated companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.

If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.

NSN Extends LTE Contract with STC

You have chosen to follow this author. You will receive an email notification when this author publishes a new article. Click submit to continue.

You are alredy following the Author

The Author could not be added at this time, please try again later. If problem persists, please contact Zacks Customer support.

Please Login

Nokia Corporation’s (NOK - Analyst Report) wholly-owned subsidiary, Nokia Solutions and Networks (“NSN”), has extended its deal with Saudi Telecom Company (STC) to offer managed services to GSM, 3G and LTE networks. However, the financial terms of the contract have not been disclosed.

Earlier, NSN aided the deployment of 4GLTE technology by STC across Saudi Arabia’s western province. NSN supplied its popular RAN (radio access network) superior technology supported with Flexi Multiradio 10 Base Station. Moreover, it also offered TD-LTE network and USB data dongle devices to end users in order to boost TD-LTE rollout.

NSN is gaining a strong foothold in Saudi Arabian markets by continuously winning substantial orders. Last year, it struck a $325 million deal with Mobily to deploy 4GLTE network across its footprint within 18 months.

In the recently concluded fourth-quarter 2013, the NSN segment generated $4.2 billion of revenues, up 20% sequentially. Both Middle East & Africa and China contributed nearly 25% of the total revenue for NSN.

Moreover, the latest report from ABI Research projects that within next five years nearly 50% of all African nations will come under LTE network coverage. Hence, we believe that such growth opportunities across China and Middle East & African regions will bolster NSN’s revenues going forward.

Nokia has decided to divest its core mobile handset business and services division to Microsoft Corp. (MSFT - Analyst Report). The deal is expected to close in the first quarter of 2014. Post the divestiture, NSN will become the company’s chief business unit.

Just Released: 5 Stocks Set to Double

Today, you are invited to download a free Special Report from Zacks Investment Research. It reveals five moves that could gain +100% and more in the next 12 months:

One white-hot electronics company is launching a wave of 9 new products. Another is targeted for acquisition after averaging earnings surprises of +41.11% during the last four quarters. Still another is on the brink of three breakthroughs with new diagnostic approaches and therapies.

Top Zacks Features

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

Zacks Research is Reported On:

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.

Visit performance for information about the performance numbers displayed above.